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July 23, 2019 03:25 am GMT

Facebook battles fake Libra sellers before launching its controversial cryptocoin

Libra already has the dubious honour of being so dodgy that its dodginess is pretty much the only thing U.S. lawmakers from both sides of the aisle  can actually agree on. It’s been dubbed a “shitcoin” by a sitting congressman, put on tweet-blast by Donald Trump, and sent some other cryptocurrency prices tumbling.

To top it all off, Facebook’s decentralised blockchain currency project is inspiring some online (ahem) entrepreneurs to sell fake Libra — even though it won’t be available until 2020.

A Washington Post report found that “roughly a dozen” pages across Facebook and Instagram are pretending to be authorised hubs where users can purchase the currency, using official marketing images and designs, and sometimes even photos of Facebook CEO Mark Zuckerberg. Some promise discounted rates available on external third-party sites.  Read more...

More about Facebook, Libra, Cryptocurrency, Big Tech Companies, and Tech

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/suJC4U2rRn4/

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